one is the antithesis of the other. both can't go up together for very long. which one cracks first?
Treasuries, gold can easily touch 2000 if this "fear" goes on enough.
What we have seen during this crisis until now is that in moments of fear people goes to cash, specially because there is people that leverages a lot to go into gold and silver and when things go south they need to cash out of gold and silver.
Historically gold and the stock market are inversally correlated, but during this crisis they have started going (more or less) correlated. This is because during this crisis is not about risky investment/safe investment, its about if the dollar will survive or not. So gold and the stock market are acting as a way to get out of the dollar and they tank when people go back to cash.
This is how it has been during this crisis until now. It could change. But keep in mind that if at some point you see the stock market crashing and gold going up for a sustained period of time, it means the dollar is in great danger. When the stock market crashes and people prefers to go into gold than into dollars... that could be the final blow for the dollar.
